Palmera de Cabarete Due to Open 2011

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. March 14, 2009

MARCH 13, 2009 - The $200 million, 138 suite Palmera de Cabarete Resort and Spa, opening in 2011, will be bringing five star luxury to this action-packed capital of world-class kite boarding, surfing, laser sailing, mountain biking, hiking and canyoning. Its 19.5 eco-friendly landscaped acres include 1000 feet of private shoreline, part of one of the largest expanses of uninterrupted beach in the Caribbean.

The announcement was made by Darren Law, President and Chief Executive Officer of NID Holdings LLC, developers of Palmera de Cabarete. "We are convinced that Cabarete will be the next Caribbean hot destination. We are pleased that other luxury brands like Nikki Beach have announced they will also be joining us as neighbors," said Law who enjoys a pedigree of luxury hotel brands from Four Seasons and The Regent Palms to Conrad Hotels.

The quality of appointments and finishes in this condo resort will meet the standards that are expected for luxury excellence with 10-foot high ceilings, floor to ceiling window walls that seamlessly bring the outdoors in, semi private elevators to suites, marble floors inside and out, and Wolf and Subzero appliances. Penthouses will feature infinity edge plunge pools, summer kitchens and a cabana bathroom with shower.

The architecture and design team includes award-winning Miami-based RAD Architecture and, for interior design, Celia Domenech, one of House Beautiful magazine's "Rising Stars," in a style described as "beachside luxury". Three d'ecor options are offered -- tropical, classic and traditional. Marble, rich woods including teak from a sustainable forest, and Cuban Heritage tiles are liberally utilized and balanced with metals and natural materials such as raffia and caning. High-end furnishings are sourced from European and South American workshops, and many pieces are being custom-designed with lacquered woods and mother-of-pearl inlays. Landscaping is directed by SWA Group, known for its work on Mexico's Ventanas al Paraiso and the Beverly Hills Hotel.

A focal point for Palmera de Cabarete Resort and Spa, will be three expansive, oceanfront freshwater infinity pools and luxuriously planted eco-friendly zeroscape gardens. Amenities will also include a 22,000 square foot branded spa and wellness facility, tennis, gourmet dining, room service, shops, conference center and 24 hour concierge program.

The authentic town of Cabarete offers a sense of place and a cool vibe, with its local restaurants and clubs providing a lively nightlife where dancing takes center stage. An international mix of visitors and expats join in to soak up the local flavor, and English is widely spoken everywhere.

Just a few hours by air from major East Coast cities, Cabarete is an ideal long weekend getaway destination and emerging upscale destination for U.S. and Canadian travelers. To further enhance the experience, the government has promised $1 billion over the next five years for infrastructure along the north coast.

Luperon International Airport in Puerto Plata is a half-hour drive from Cabarete. Non-stop flights are available from Miami (two hours), New York (three hours 40 minutes), with convenient connections from major U.S. and international gateways.